NC TRANSPORTATION MUSEUM FOUNDATION

EIN: 581315178 501(c)(3) Arts, Culture & Humanities

SPENCER, NC

Total Revenue
$8,051,419
Total Expenses
$7,695,054
Total Assets
$14,089,178
Net Assets
$11,694,479
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
NC
Principal Officer
MARCUS NEUBACHER
Phone
7046362889
Tax Period
2024-07-01 to 2025-06-30

NC TRANSPORTATION MUSEUM FOUNDATION, founded in 1977, is a community nonprofit in the Arts, Culture & Humanities sector that reported $8.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.7M left a modest 4% surplus.

Mission

PRESERVE AND INTERPRET THE HISTORY OF TRANSPORTATION IN NORTH CAROLINA AND PRESENT THIS HISTORY IN A MANNER THAT ALLOWS VISITORS TO ENJOY THEIR EXPERIENCE AS WELL AS LEARN FROM IT.

Program Service Accomplishments

Program 1
Expenses: $5,012,495 Revenue: $5,871,973

EDUCATIONAL PROGRAMS AND EVENTS (TRAIN EXCURSIONS, DAY OUT WITH THOMAS, POLAR EXPRESS, AT THE THROTTLE, BOY SCOUTS RAIL CAMP, FIRE TRUCK FESTIVAL, CLASSIC CAR SHOWS, ETC.) ARE HELD DURING THE YEAR TO...

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EDUCATIONAL PROGRAMS AND EVENTS (TRAIN EXCURSIONS, DAY OUT WITH THOMAS, POLAR EXPRESS, AT THE THROTTLE, BOY SCOUTS RAIL CAMP, FIRE TRUCK FESTIVAL, CLASSIC CAR SHOWS, ETC.) ARE HELD DURING THE YEAR TO PROMOTE AND EDUCATE THE PUBLIC OF TRANSPORTATION AND PROVIDE RIDING EXPERIENCES

Program 2
Expenses: $1,099,254 Revenue: $11,940

RAILROAD OPERATIONS - OPPORTUNITIES FOR VISITORS TO EXPERIENCE TRANSPORTATION VIA RAIL RIDES AND ROLLING STOCK EXHIBITS

Program 3
Expenses: $896,168 Revenue: $1,024,836

GIFT STATION - PRESENTING THEMED ITEMS THAT CONTRIBUTED TO THE HISTORY OF TRANSPORATION AND/OR CURRENT TRANSPORTATION RELATED MATTERS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,004,991
Program Service Revenue $6,908,749
Investment Income $137,679
Other Revenue $0
TOTAL REVENUE $8,051,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,221,245
Fundraising Expenses $137,521
Program Expenses $7,007,917
Other Expenses $6,473,809
TOTAL EXPENSES $7,695,054

Year-over-Year Comparison

2024 2023 Change
Revenue $8,051,419 $6,894,716 +0.2%
Expenses $7,695,054 $6,460,805 +0.2%
Net Income $356,365 $433,911 -0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
18
Independent Members
18
Employees
258
Volunteers
250

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✓ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$120,793
Total Directors
20
$120,793
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROY JOHNSON PRESIDENT 0.00
Officer Director
$0 $0 $0
LANE BAKER VICE PRESIDE 0.00
Officer Director
$0 $0 $0
JIM BLAND VICE PRESIDE 0.00
Officer Director
$0 $0 $0
LEONARD MARTIN VICE PRESIDE 0.00
Officer Director
$0 $0 $0
RICHARD REED VICE PRESIDE 0.00
Officer Director
$0 $0 $0
STURGES BRYAN SECRETARY 0.00
Officer Director
$0 $0 $0
TRACEY MOTLEY TREASURER 0.00
Officer Director
$0 $0 $0
PAUL BROWN DIRECTOR 0.00
Director
$0 $0 $0
DICK CALLOWAY DIRECTOR 0.00
Director
$0 $0 $0
KEVIN CHERRY DIRECTOR 0.00
Director
$0 $0 $0
LORI CINQUEMANI DIRECTOR 0.00
Director
$0 $0 $0
DAN GURLEY DIRECTOR 0.00
Director
$0 $0 $0
RICK PHILLIPS DIRECTOR 0.00
Director
$0 $0 $0
GENE SHARP DIRECTOR 0.00
Director
$0 $0 $0
JOHN TACKETT DIRECTOR 0.00
Director
$0 $0 $0
BARRY WHITLOW DIRECTOR 0.00
Director
$0 $0 $0
BILL WILKERSON DIRECTOR 0.00
Director
$0 $0 $0
PATRICK WOOTEN DIRECTOR 0.00
Director
$0 $0 $0
MARCUS NEUBACHER ADMIN DIRECT 40.00
Officer Director
$99,851 $0 $99,851
KELLY ALEXANDER EXECUTIVE DI 20.00
Officer Director
$20,942 $0 $20,942
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $8,051,419 $7,695,054 $14,089,178 $356,365
2024 $6,894,716 $6,460,805 $13,384,041 $433,911
2023 $6,120,680 $5,720,976 $12,498,628 $399,704
2022 $7,616,895 $5,136,515 $11,455,078 $2,480,380
2021 $3,656,960 $1,929,315 $8,726,700 $1,727,645
2020 $4,812,064 $4,562,821 $6,594,255 $249,243
2019 $5,135,365 $4,649,304 $6,601,457 $486,061
2018 $4,465,482 $3,801,925 $5,977,663 $663,557
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